User: 68) Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. If the stock is currently selling for $21.25 per share, what is the expected rate of return on this stock?
A. 12.5%
B. 13.6%
C. 36.13%
D. 8.0%

User: 69) Tri State Pickle Company preferred stock pays a perpetual annual dividend of 2 1/2% of its par value. Par value of TSP preferred stock is $100 per share. If investors’ required rate of return on this stock is 15%, what is the value of per share?
A. $15.00
B. $6.00
C. $37.50
D. $16.67

Weegy: Tri State Pickle Company preferred stock pays a perpetual annual dividend of 2 1/2% of its par value. Par value of TSP preferred stock is $100 per share. If investors? required rate of return on this stock is 15%, what is the value of per share?
B. [ $16.67 ] selymi|Points 10056|